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As June wraps up, the accounting profession is once again balancing opportunity with risk. AI continues to move deeper into audit, tax, payroll, and practice management workflows, while regulators are reminding tax professionals that technology does not replace professional responsibility. This week also brings updates on ERC disputes, staffing challenges, tax refund deadlines, and early excitement for Scaling New Heights 2027.
What’s Happening at Woodard
Startup Founder to Bookkeeping: How Pilot Built the Future (The Woodard Report)
This episode of The Woodard Report Podcast explores how Pilot approached bookkeeping from a startup mindset and what accounting professionals can learn from that model. The conversation looks at technology, scale, client experience, and the future of back office services in a profession that is increasingly shaped by automation and advisory expectations. For firms thinking about how to modernize service delivery, this episode offers a useful look at what happens when technology and accounting operations are designed together from the start. Read more…
AI Native Accounting Awards Recognize Practical Adoption (The Woodard Report)
The AI Native Accounting Awards highlight firms and professionals using artificial intelligence in practical, real world ways. As more firms experiment with AI, examples of grounded implementation can help practitioners better understand what meaningful progress looks like and how to evaluate AI’s role inside their own practices. Read more…
The Tax Refund Deadline Your Clients May Not Know About (The Woodard Report)
This article reminds practitioners about a tax refund deadline that clients may easily miss. It underscores the importance of proactive client communication, especially when refund opportunities are time sensitive and may disappear if taxpayers do not act. Read more…
Scaling New Heights 2027 Theme Announced and Registration Open (Woodard)
Scaling New Heights 2027 registration is open, and Woodard has announced the theme for the next conference: Transcend the Machines
Join us June 27-30, 2027, in Orlando, Florida, to continue the conversation around what comes next for accounting professionals, technology providers, and firm leaders. Read more…
IRS & Regulatory Updates
IRS Outlines AI Risks, Circular 230 Duties for Tax Practitioners (Journal of Accountancy)
The IRS has issued guidance reminding tax practitioners that existing Circular 230 obligations apply when using generative AI. The guidance emphasizes due diligence, competence, confidentiality, secure data handling, and the need to verify AI generated work before sharing it with clients or submitting it to the IRS. Read more…
Supreme Court Lets Stand IRS Power to Assess Tax Anytime for Preparer Fraud (Journal of Accountancy)
The Supreme Court has allowed a decision to stand that gives the IRS authority to assess tax at any time in certain cases involving preparer fraud. The development is significant for taxpayers and practitioners because it underscores how serious the consequences can be when a return is tainted by fraudulent preparer activity. Read more…
Technology News
Tech News: Deloitte Announces Unified Agentic Intelligence Network (Accounting Today)
Deloitte has launched a unified agentic intelligence network within Deloitte Omnia, its global audit and assurance platform. The network is designed to bring new and existing AI agents together under a single framework so they can coordinate and execute audit workflows. Read more…
Report Suggests 40 Percent of Workers Have Used AI to Make Fake Expense Receipts (CPA Practice Advisor)
A new report suggests that a significant share of workers have used AI to create fake expense receipts. For firms and finance teams, the finding raises serious concerns about expense controls, reimbursement policies, fraud detection, and the need to update review procedures for an AI enabled environment. As generative tools make it easier to fabricate documents, organizations may need stronger approval workflows, better audit trails, and clearer consequences for misuse. Read more…
Sage Enhances AI Functions in Sage X3 to Help Manufacturers and Distributors (CPA Practice Advisor)
Sage has enhanced AI capabilities in Sage X3 to better support manufacturers and distributors. The updates are aimed at improving visibility, operational efficiency, and decision making in industries where inventory, supply chain, production planning, and cash flow are closely connected. Read more…
This week’s news shows a profession moving deeper into AI while being reminded that judgment, controls, and ethics still matter. From Circular 230 guidance and ERC litigation to agentic audit platforms and AI powered payroll tools, the work is changing quickly. Firms that build clear policies, train their teams, and stay grounded in professional responsibility will be better positioned to use new tools without losing trust.
This article was written with the assistance of AI and edited by a human.
Do you have questions about this article? Email us and let us know > info@woodard.com
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